|Share Name||Share Symbol||Market||Type||Share ISIN||Share Description|
|Herencia||LSE:HER||London||Ordinary Share||GB00B069DV22||ORD 0.01P|
|Price Change||% Change||Share Price||Bid Price||Offer Price||High Price||Low Price||Open Price||Shares Traded||Last Trade|
|Industry Sector||Turnover (m)||Profit (m)||EPS - Basic||PE Ratio||Market Cap (m)|
Herencia Resources PLC Working Capital Update
UK Regulatory (RNS & others)
RNS Number : 1863X
Herencia Resources PLC
17 February 2017
Herencia Resources plc
("Herencia" or "the Company")
Working Capital Update
The Company confirms that, following prudent cash management and an ongoing working understanding with creditors, it believes its working capital position remains satisfactory until approximately the end of February 2017.
The Directors are in discussions with its major shareholders to provide further funds to meet Herencia's working capital needs and to progress the development of the Picachos copper project. If these funds are not advanced, and if no further source of funds can be found, it is unlikely that the Company will be able to continue to trade.
Further updates will be provided in due course.
For further information please contact:
Graeme Sloan, Herencia Resources plc +61 8 9481 4204 Katy Mitchell, WH Ireland Limited (NOMAD) +44 161 832 2174 Jon Belliss, Beaufort Securities Limited (UK) +44 207 382 8300
References in this announcement to exploration results and potential have been approved for release by Mr Graeme Sloan (BAppSc Mining Engineering WASM) who has more than 20 years relevant experience in the field of activity concerned. Mr Sloan is a Member of the Australasian Institute of Mining and Metallurgy. Mr Sloan has consented to the inclusion of the material in the form and context in which it appears.
Further background details on the Company can be found at www.herenciaresources.com
This information is provided by RNS
The company news service from the London Stock Exchange
(END) Dow Jones Newswires
February 17, 2017 04:28 ET (09:28 GMT)
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